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Nov 20, 2012 6:00am PST
in the asia-pacific region. discussions on economic and security policies were expected to be intense. patchari raksawong reports from phnom penh. patchari? >>> the east asia summit was the big final meeting of the series of asean summits. the focus was how to deal with maritime disputes in the south china sea. the united states called on the parties to sign up to a legally binding code of conduct, or coc. china said the disputes should not be internationalized, an indirect reference to the united states. u.s. president barack obama and chinese premier wen jiabao held bilateral talks before the summit began on tuesday. they both seek closer ties with southeast asian countries as part of their competing regional strategies. >> it's important that our two countries cooperate to build a more secure and prosperous future for the asia-pacific region and for the world. >> despite their friendly words, both sides took their differences with them to the east asia summit. obama called on the country's concern to quickly draw up the code of conduct. one indirectly said the united states should
Nov 2, 2012 6:00am EDT
and present, each of whom has played a significant role in u.s. asia relations over the past two decades. with representatives from the administrations of george h. w. bush through the current administration of barack obama, our guest speakers today offer their expertise and experience as a look back on the use of service and look forward to the future of u.s.-asia relations. wish to offer my gratitude to georgetown's asian studies program, our school of foreign service, and the korea economic institute who have partnered to bring together some of our countries most respected minds on foreign policy and asia. we are deeply grateful to doctor victor cha a professor in government and asian studies and director of asian studies here in georgetown. carol lancaster, our dean of the school of foreign service, and doctor abraham kim, the interim president of the korea economic institute, for making this event possible. were also aren't up with is representative of the department of education, and we thank the department for its recognition of our asian studies program title vi, national resourc
Nov 7, 2012 7:30am EST
with asia? >> well, obama said a year ago that he plans to shift attention to asia pacific region. he also said that the u.s. is a pacific nation. the key will be how he handles china which will soon have new leadership. he said there's room to cooperate with the world's second largest economy. but he's also promising to keep pressure to abide by international rules and stop manipulating its currency. many americans consider china and economic threat. they're also wear of its military expansion. obama will likely strengthen relations with u.s. allies such as japan to keep -- to help keep china in check. so whether japan soon has transfer of power and new demonstration or continues with the current administration under prime minister yoshihiko noda, the country will have to prepare for obama's second term. >> all right, thanks for that ma say i don't. >>> obama will likely need every day of his second term to get through the agenda he faces. we spoke more about the president's to-do list with professor mike mute soouk i can of george washington university. >> i think the number one priority
Nov 15, 2012 5:00pm EST
of experience in the regions represented, i look forward to questions and discussion about asia. to your point, which was a very important from my perspective, i would like to begin by noting that one of the great challenges in the implementation and execution of foreign policy is to prevent the daily challenges from a party of the development of strategies pursuit for the united states long term. from the offset of the administration and its very first day, the president directed those of us on a national security team to engage in a strategic assessment, and global examination of our presence, our faith to the world, and our priorities. what about the footprints and what it ought to be? we looked around the world and ask the very basic question -- where is the united states overweighted in terms of its efforts and resources and where is it underweighted? it was clear to us that there was an imbalance in the focus of american power around the world. we are overweighted in some areas, such as our military commitments in the middle east, and we were significantly underweighted for some reason,
Nov 5, 2012 6:00am PST
. the u.s. is also shifting its focus to the asia and pacific. >> what kind of lasting impact could this campaign rhetoric have? >> professor nathan says harsh words might give chinese leaders the wrong message and could have a negative impact on u.s./china relations. this is key to the u.s. economic recovery, and also you have to know that china is the larger holder of u.s. debts. bottom line is whoever wins this election, obama or romney, will have to work with china's new leadership, which takes power later this month. these companies have a direct relationship. it will likely evolve, but it's something both sides have to maintain and nurture, because their economies are intertwined and interdependent. >> that was susumu kojima reporting from washington. >>> asian and european leaders are discussing ways to strengthen economic and political ties during a two-day meeting in laos. among their main concerns is the global economic slowdown triggered by the european credit crisis. the asia/europe meeting brings together leaders and cabinet ministers from 49 countries. >> translator: t
Nov 23, 2012 7:00pm PST
>>> hello, here in tokyo and you're watching "asia 7 days." thanks for joining us. let's get right to the news. american voters have chosen barack obama as their leader for another four years. asian heads of state were quick to offer their congratulations, but the u.s. faces hurdles to remain an active player in the fast-growing region. in his first term, obama shifted u.s. foreign policy toward the asia pacific, an area notable for its rapid economic expansion. enthusiasm over obama's reelection rippled through the region. students at an elementary school in the indonesian capital jakarta cheered loudly. obama attended the school when he was in the third grade. japanese prime minister yoshihiko noda contacted the president and pledged his cooperation. u.s. and japan have the opportunity to improve ties, especially since relations between japan and china have soured over the senkaku islands conflict in the east china sea. south korean president lee myung-bak said he's sure the u.s. and south korea will continue to develop their alliance. australia is another key ally in the region.
Nov 17, 2012 11:30pm EST
to asia. it's historic because it will mark the first time a sitting president visited burma, also known as myanmar. phil neville previews the trip. >> reporter: president obama is traveling to southeast asia hoping to expand relations with countries in the region. this is his fifth strip to -- trip to asia in four years and centers around a visit to burma. the country's in the process of transitioning from decades of authoritarian rule to a democratic system. secretary of state hillary clinton said burma is a prime example of a formerly militaristic regime changing its ways. >> the cost of economic sanctions and the benefits of rejoining the global economy help spur the government to begin opening up. >> reporter: over the past year, burma introduced sweeping reforms, including holding elections, easing rules and protests, relaxing sensorship and freeing dissidents. the president will meet with the most public figure at her home where she was held under house arrest for more than two decades. >> this is with -- will have very high symbolic significance. under substance itself, it depend
Nov 1, 2012 11:00pm EDT
asia definitely important. but i was getting constantly trump bid the fact that, you know, we had a double header going in afghanistan and iraq, and quite understandably we had president who will be to be immersed in the issues. and often and one of the challenges was that often when they look to another part of the world like east asia, it was in terms behalf those countries in east asia mean to the central challenge which was waging the war on terrorism or dealing with the wars. and yet, you know, if you go to a country like indonesia, you know, this is a country that you put on a map, it goes from california to bermuda. it is huge. enormous population. and to reduce indonesia only to a bit player and be a role issue on the global war on terrorism department sit too well in indonesia. so i think part of the challenge was to really work with these countries in of themselves and not just as instrument of something that was going on in another part of the world. i came to the job by being ambassador in korea, and i walked in to a meeting that i thought was going to be with steve ha
Nov 7, 2012 6:00am PST
will that affect asia? >> i think it will be very difficult to deal with it. the republicans have made it clear they continue to want to be the party of no. they're not willing to compromise on a combination of tax hikes and spending cuts. i say there's about a 50/50 chance the fiscal cliff could be avoided. at best it may be extended by a few months. if the fiscal cliff is short and then people come to their senses and compromise, the impact on asia will be small. but if the fiscal cliff goes on for several months, there's a very good chance the u.s. will back into recession, say drop a 3% annual rate. that will have a disastrous effect on asia. it will cut u.s. imports from asia. it will hurt japan. it will hurt the european recovery. it would be a disaster. >> with president obama staying in the white house, what policy do you expect from the fed going forward? >> well, ben bernanke has one more year to go in his term. he will continue the same policy. the federal reserve will take the burden of stimulating the economy since there will not be any fiscal stimulus. his replacement will continu
Nov 20, 2012 5:00pm PST
. >>> glad to have you with us on this edition of "newsline." asia pacific leaders set their sights on an ambition goal, creating a trading block with an output of $20 trillion. a total population of about 3.4 billion people. the leaders of 16 countries have agreed to start negotiations in the new year. the heads of the association of southeast asian nations met in cambodia's capital. the leaders of six regional partners including japan, china, and india joined them at the summit. they issued a joint kmun ka that said they hope to reach agreement by the end of 2015. leader from japan, china, and south korea agreed to start talking on a free trade agreement of their own. they said they would put aside the territorial disputes between japan and the two other nations. japanese officials want to ease restrictions to give them more access to their neighbor's economies. chinese and south korean officials have already begun talks on a free trade deal between their countries. now negotiators involved in discussions for another free trade zone in the asia pacific say they hope to conclude an
Nov 6, 2012 4:30am PST
teacher is from. yes. >> yes. >> well there are similarities all of southeast asia. we performed in bali with a group. it's a story from the [inaudible] and so the indian epiics actually the indian epiics for very common in cambodia and bali and thailand and there is a different aesthetic. all southeast asia and asia there are a lot of similarities. >> he is a male entity. he is not -- are you referring to the story? >> it's interesting you should say that. a unique indian concept is one of half male, half female. and that is -- unlike some dances the solo dancer portrays all of the parts in the story. you can portray a feminine aspect and then masculine aspect with the bow and arrow. the male has to portray feminine and the female has to portray masculine. there is a very fierce dance and a soft sort of dance and every dancer has to learn all those aspects. it's very, you know, my teacher i call him a guru in this art form you have to study very, very hard. you have to learn about all the cultural aspects. he says it's liberating because he enjoys and has to learn to bring up the femi
Nov 18, 2012 1:00pm PST
of his trip to asia. >> -- would tolerate missiles raining down on its citizens from outside its borders. we're fully supportive of israel's right to defend itself from missiles landing on people's homes and workplaces and potentially killing civilians. >> we begin this hour with a developing story out of the middle east. let's go to stephanie gosk live in tel aviv. we were just hearing from ayman. it's pretty quiet in his location. what are you seeing there? what about the cease fire and the possibility of that? >> reporter: well, richard, it's been quiet here for a number of hours. there were sirens here earlier this evening. it's the second time today we heard rocket sirens in the city. the second time, the same situation that happened this morning, where they used the iron dome missile defense system and shot down those rockets. that defense system has been incredibly successful for the israelis over the course of the last five days. you know, people on both sides of this conflict looking for some sort of cease fire. they're really not getting it. there's been a steady back and forth
Nov 1, 2012 1:00pm EDT
that will shape u.s. policy toward asia. as we continue to bring you the nation's racist, this is from rhode island -- the democrat facing brandon dollar b, the republican challenger perry -- brandon authority. president obama wraps up in colorado tonight and we'll bring it to yet 9:00 on c-span. president obama was briefed on hurricane sandy by that fema administrator and the head of the red cross briefed reporters on the status of hurricane sandy and the cleanup procedures. >> good morning, everybody. although life-saving operations, search and rescue, the first passes have been completed but we are still very much in response mode. i would call it pumping operations, getting down to the areas that are hardest hit and making sure we have a presence and have reached into the communities that are hit. yesterday, as things began to move, the primary focus was the search and rescue teams. that has shifted over to get more of what you traditionally see. this is not just the federal team. our volunteer agencies and fifth base -- a faith-based communities working through this storm. that is the s
Nov 4, 2012 10:00am PST
on asia-pacific policies. friedburg said the obama administration has been weak on the issue between japan and china over the senkaku islands. he also referred to the japan-u.s. security treaty. >> the best way of maintaining stability and deterring progression on the part of china is to make absolutely clear the american intention to uphold its treaty commitments. >> friedberg said the u.s. needs to do more to send its signal to the chinese. the advisor also said the obama administration does not pay sufficient attention to its allies. he said romney wants to work to strengthen ties with japan. >> i think he sees japan as america's crucial ally in asia and a central point of our web of relationships with countries in east asia. >> friedberg said the two countries need to cooperate more closely to respond to china's military buildup. >>> the asem meets in laos. the two-day meeting attended by the leaders of 49 countries. the discussions will focus on including three new members. the discussions will focus on regional security and ways to stop the european debt crisis from spreading. the la
Nov 19, 2012 5:30pm PST
, political tensions have tied up in parts of east asia. and that has affected business activity and trade but now japan, china, and south korea will have free lateral trade talks on tuesday as they put aside recent diplomatic tensions. will meet on the sidelines of the east asia summit in cambodia. the delegates are the trade minister, china's commerce minister, and south korea's chief trade negotiator. administrators have agreed in may during talks in beijing to begin negotiations by year end. but it took them awhile to deliver on their promise due to territorial disputes. japanese leaders are aiming to build on the fda to improve its ties with china and south korea. also on tuesday in cambodia, the t ten-member association and regional partners including china and south korea will likely agree to start discussions discussing regional economic partnership. >>> now let's chick on the markets for this tuesday morning. first the u.s. markets posted gains for monday on politicians' remarks indicating they're ready to compromise to avoid the fiscal cliff. the dow jones industrial average gain
Nov 14, 2012 7:00pm PST
. >>> the leaders of asia's top economies want to work out a free trade agreement. ramin mellegard joins us from the business desk. there are so many trade negotiations going on worldwide. what are the details in this case? >> catherine, representatives of japan, china, and south korea are trying to get together this month to talk about starting negotiations for a free trade pact. the countries have agreed there are benefits to strengthening economic ties as the move towards free trade accelerates worldwide. leaders of the three countries had agreed in may that they would begin the trade negotiations by the end of this year. been made in working-level meetings but prospects for the talks were unclear in the shadow of the japan/china territory i am dispute over islands in the east china sea. the official launch of fta talks is now expected to get the green light. on the sidelines of the east asia summit in cambodia on november 20th. >>> u.s. president barack obama declared his intention to raise taxes on wealthy americans. he says he wants to discuss this openly with republicans who control the h
Nov 9, 2012 7:30am EST
at least for now. >>> u.s. president barack obama is preparing to head to southeast asia for his first diplomatic tour since re-election. the four-day trip will include the first visit to myanmar by a sitting american president. the white house says obama's tour of southeast asia will take place between november 17th and 20th. besides myanmar, the u.s. president will visit thailand and cambodia. obama is scheduled to hold talks with myanmar president thein sein. the talks will likely focus on democratic reforms. he'll also meet with opposition leader aung san suu kyi. in cambodia obama will attend the east asia summit. one of the top items will be territorial disputes over islands in the south china sea involving china, philippines, vietnam among other country. the u.s. administration said last year it should shift its diplomatic and security focus to the asia pacific region. obama will be keen to reassure leaders his position remains unchanged. >>> the united states has launched a protest with iran after several iranian warplanes attacked a u.s. military drone. the pentagon says the a
Nov 4, 2012 8:00am PST
titles, including executive vice-president and chief operating officer of the asia society, director for policy analysis from near-east, african, south asia in the department of defense, special assistant to the u.s. ambassador to india, and executive secretary for the indo-u.s. sub-commission on education and culture. but even more impressive than his resume, is his obvious passion and commitment to fostering essential debate about tough issues. please join me now in welcoming dr. bouton, who, unfortunately for the chicago council, will be leaving there sometime next year. marshall will tell us more about the results of the fascinating new survey, will offer keynote remarks, and then we'll move to the panel. please welcome marshall bouton. [applause] marshall bouton: thank you jane very much. we're thrilled, we're honored, in fact the wilson center has agreed to partner with us in hosting the release of the council's 2012 study. this is a great institution now, very, very capably led by jane and we're delighted to have this opportunity to collaborate with you early in your tenure. s
Nov 1, 2012 5:00pm EDT
in east asia through the rebalancing process is a risky one. it is risky because the chinese are doing what we are up to not as an effort to maintain stability in the region, but to maintain the working relations that have prevented all the historical animosities surfaced with japan and other countries to keep them under control. as we know from various studies , there is a high level of distrust on both sides. so, strategic equilibrium will in fact lead to polarization. that is one of the great challenges of managing the relationship to see that it does not go in a negative direction. finally, to put the china relationship in a broader context, the ability -- i am not sure that is going to happen. the administration is trying to disengage from these very heavy military engagements in iraq and afghanistan and that part of the world, think about a situation where the balloon goes up with iran and we are in a fight over the nuclear proliferation problem there. think about a situation where afghanistan or iraq does not go and the direction we are hoping for. we might find it much more dif
Nov 1, 2012 8:00pm EDT
administration to focus its foreign policy efforts on asia. former ambassador to iraq, chris hill said political gridlock is hurting u.s. foreign policy object is an asian policy is a good place to rebuild bipartisanship. the discussion is just under two hours. >> thank you all for being here this afternoon and welcome to gaston on georgetown company country university. we've kind for a special conversation. a conversation between top diplomats past and present, each of whom has played a significant role over the past two decades with representatives from the administration of george h.w. bush to the current administration of barack obama, our guest speakers today offered their expertise and experience as they look back on their years of service and look forward to the future of u.s.-asia relations. we offer my gratitude to georgetown's asian studies program, our school foreign service and the korea economic institute who have partnered to bring together some of our country's most respected minds on foreign policy and asia. we are deeply grateful to dr. dr. victor cha and director of asian studi
Nov 26, 2012 10:00am EST
in national strategies but evolving in the asia-pacific region with china but i wanted to acknowledge that voice was not with us today. that might give us more room to run. because we don't have a chinese voice, some years ago i went to china and visited with the ministry of foreign affairs and met the equivalent of their policy planning director. finally i could ask china with its grand strategy is. this was about 2004. i said what is their grand strategy? they said and how to keep you americans distracted in small middle east countries. that seems to be shifting. one of the interesting things again -- i know this is not a u.s. panel, but just two days ago, our national security adviser gave an interesting speech at the center for strategic and international studies that lays out the reasons that rationale for a reset and rebalancing of american access in the world. not looking at -- looking at overweighted areas and underweighted areas. he gave a talk at white the asia-pacific was important but it took a long time to get to the china section. you are not just an aged person, you are
Nov 9, 2012 6:00am PST
. >>> southeast asia is the destination of u.s. president barack obama's first official trip since the election. the white house announced on thursday that president obama will visit southeast asia from november 17th to the 20th. the itinerary includes stops in thailand, cambodia, and myanmar, making him the first u.s. president to visit the formerly reclusive country. nhk world's jun kobayashi has more. >> reporter: just a few years ago, a visit by a u.s. president to myanmar was unthinkable. but that is changing as the former military regime continues reforms following years of isolation. now president obama is set to make a landmark trip to the country following up on the u.s. secretary of state hillary clinton's visit last year. president obama plans to meet with president thein sein and opposition leader aung san suu kyi. the government is forwarding demock kra tiization and economic reforms. obama's visit could be seen as a sign of approval of the efforts. but he is also expected to encourage politicians to do more to achieve their goals. the u.s. president is also scheduled to attend the
Nov 15, 2012 6:00am PST
to take sides. the president announced a year ago he will shift his country's focus to the asia-pacific region. he will have a chance to talk more about that plan over the weekend. obama will begin a four-day tour of southeast asia on saturday. he will be visiting thailand and myanmar and will attend the east asia summit in cambodia. the president promised during his re-election campaign to put more pressure on china to make it meet basic international standards with respect to trade. but analysts say despite his plans the world's top economies are tightly woven together and that interactions will continue. >>> the south korean government welcomed china's new leadership. >> translator: we hope our relationship with china will develop farther and as a new leadership. >> the media gave extensive coverage to the news from the country's largest trading partner. owe yonhap news agency noted all seven member es of the communist party's political bureau's new standing committee have visited south korea. the agency said china's relations with south korea are expected to strengthen. >>>
Nov 6, 2012 7:00pm PST
is turning our attention to the vast potential of the asia pacific region. >> obama turned his attention at home to pushing through health care reform, something president after president had tried to do. he succeeded with what became known as obama care, the most significant overhaul since medicare and medicaid in the 1960s. he pushed to shore up banks after the financial crisis. congress passed legislation two years ago imposing stricter regulations on financial institutions and giving more protection to consumers. reforming the nation's finances has proved more difficult. republicans criticize obama for the mounting national debt, and they say the unemployment rate, 7.9%, is unacceptably high. >> mike has followed obama's successes and his setbacks. he teaches political science and international affairs at george washington university. he joins us from our studio in new york. thanks very much for joining us now. professor, president obama says he has restored america's standing across the globe. how do you rate his foreign policy? >> i think on the whole i would rate president obama q
Oct 31, 2012 5:00pm PDT
in asia. sharp posted an extraordinary loss in the six-month period that ended in september. first-half losses are expected to reach $4.8 billion, 80% more than initially projected. this is the second consecutive yearly loss. executives have told lenders that they plan to push says of small and mid-sized lcd panels for smartphones and tablet computers. the people at sharp aren't aloun among japanese electronicsmakers. panasonic announced it will post a loss of nearly $9 million this career. >>> greek leaders hoping for another bailout will have to wait. for that sxoertd business stories, raw mean mellegard joins us from the business desk. >> we've been reporting for quite a while now on government leaders really trying to attempt to wrestle with their budgets along with international lenders and it looks like this latest effort is going to drag on until later this month. eurozone finance ministers have shelved a decision on another bailout for greece until november. they want an austerity deal with international lenders first. finance ministers from 17 countries held a telephone wi
Nov 6, 2012 7:30am EST
, continue the u.s. policy of engagement in the region. >> asia pacific is the natural choice for the policy of u.s. foreign policy given the very size of economy, and this is the most dynamic region in the world. think about u.s., china, japan. number one, number two, number three economies, all in asia pacific. zhao says the potential for conflict remains but the flash points have shifted. >> before there were two historically so-called hot spots may bring the two powers to war, one, korea peninsula, and the other, taiwan strait. but there are two other points now, one east china sea, east sea and two, south china sea. >> the professor says chinese leaders will act more aggressively as their confidence grows. chinese officials will select a new leadership after the u.s. presidential vote. zhao says it will be important for new leaders of both countries to work on creating mechanisms to avoid military confrontation. >> i always say that the current, relatively stable circumstances is a result of co-management of beijing and washington. the dispute is east sea or in south china sea may still
Nov 16, 2012 7:30am EST
boosting economic ties with countries in east and southeast asia and the policy seems to be unchanged. >> i think both east asia and southeast asia are important economic partners with china. given the economic problems in the u.s. and europe, china would be interested to promote more free trade within this economic bloc because china can out source at lower value for example in vietnam, cambodia, etcetera, so china can move up the chain by adding values to these products and then sell these products to richer neighbors such as japan and south korea. >> many chinese people are staying away from japan because of a bilateral territorial dispute. the number of chinese visitors plunged in october. the japan national tourism organization estimates that chinese visitors, both tourists and business people, totaled about 71,000 last month. that's down 33% from the same month two years ago before the march disaster last year. japan tourism agency commissioner said the situation remains tough. >> translator: unfortunately, there is no sign at the moment that the situation will get better and that chi
Nov 4, 2012 8:00am EST
>>> welcome to "this week in defense news," i'm vago muradian. what do countries across asia think of an increasingly assertive china and america's renewed focus on the region? we talk to defense news' own bureau chief for some answers. but first the national guard plays a critical role in america's national security. at home, supporting disaster relief operations as in the wake of superstorm sandy that devastated parking lots of the northeast -- parts of the northeaster operations worldwide including afghanistan. while the guard is part of the air force, units -- units in each state are under the command of governors and so the guards relationship with the active duty force can sometimes be strained. that's been the case since february when the air force said that of 9,900 proposed personnel cuts, 5100 would come from the guard. a move that sparked a fire storm of protests on capitol hill. lawmakers governors and guard leaders accused the air force of failing to coordinate cuts they say fell disproportionately on citizen airmen and in protest the congress prohibited the air force
Nov 5, 2012 4:00am EST
to raise its outlook for the current fiscal year. it noted strong sales in north america and asia and toyota posted a better than expected net profit of $3.2 billion in the third quarter. that was more than triple the amount it made in the same period a year earlier. more on that story in just a bit. >>> and 12 million customers are still without power in new york, new jersey and connecticut a week after hurricane sandy struck. and a cold snap is setting in to the region and nor'easter is forecast for mid week. more fuel facilities are coming back on on line. hess has restored several terminals. governor christie has imposed an odd/even rule, this is when drivers could get gas to alleviate over the extremely long fuel lines. >>> on the eve of the u.s. elections, the race for the white house couldn't be any teeter. the final "wall street journal" poll of likely voters shows president obama leading mitt rom any by just one percentage point, 48% to 47% margin. polls in many battleground states remain too close to call. a running average of all national polls by real clear politics ha
Nov 19, 2012 4:00am EST
's check in on the markets in asia. >> most asian markets finished in the green. optimism that the u.s. lawmakers will clinch a deal on the looming fiscal cliff.nikkei 225 closed at a two month high on hopes that the country's key opposition party will return to you power. more on that from our nikkei reporter coming up. exporter stocks gapded on the back of a weak yen. currency hits a seven month low. elsewhere lack of policy direction weighed on chinese stocks. the shanghai composite touched its lowest in-are a day level at more than three years at one point before rebounding to close a touch higher in late trade. brokerages outperformed helped by supported policies. watch out for china's next key data point on thursday, that's when we'll get the hsbc flash pmi for november. shares in hong kong faired a bit better. energy plays led the rally on ohio oil prices. elsewhere south korean shares snapped a between day losing streak helped by technology stocks and also ship builders. in us a take i can't, commodity plays lent support to the asx 200. talks of a leverage buyout plan. sensex
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Nov 19, 2012 7:00pm EST
states president. as the president continues his tour through southeast asia, work continues in washington are possible fiscal cliff deal, confident such a deal would be reached to spur optimism in the market today combined with good news on housing produced a big wall street rally. crude oil hitting a one-month high at the escalation of the middle east, futures jump in almost 3%. the national association of realtors today reporting existing home sales rose more than 2% in october beating forecasts. faster pace of sales and an increase in monthly builder sentiment all contributing to the good news today in the housing market. and wall street acting like the uncertainty of the first goal go cliff has all but disappeared. and trust in both parties has been comic scene, relentlessl my restored. the stock prices up for the best time in two months. the s&p picking up 27, the nasdaq moving out of corruption territory gaining 63 points today, 3.3 billion shares traded on the new york exchange just under the daily average for the year. the total market average moving higher as well c
Nov 28, 2012 4:00am EST
, down about half a percent as you just mentioned. so all in all, kelly, from investors over here in asia like their counterparts in the u.s. and where you are in europe, lots of jitters about that fiscal cliff. >> jitters that prompted me to call you deirdre instead of morris. we'll be back to check in more on asian trade. in the meantime, president obama will continue his pr offensive. but congress remains at odds to avoid a budget deal to avoid the fiscal cliff. markets were spooked yesterday when harry reid said little progress has been made. the president today speaks at about 11:30 eastern on how potential tax hikes will hurt the middle class. obama will meet with the second group of ceos at 4:45 p.m. to get their input on how to solve the crisis. the group will include brian roberts, and yahoo!'s marisa meyer. for more, we're joined now by charles deebel. the president meeting today over the fiscal cliff. really the reason for the underperformance we've seen, not just in u.s. equities, but actually worldwide overnight. >> i think so, i think there's really a reevaluation with respe
Nov 18, 2012 11:30am PST
the crisis in the middle east as he travels through asia. today he met with china's king and china's prime minister. today the president did address the fighting between israel and hamas and delivered a warning about the consequences of continued violence. >> those who champion the cause of the palestinians should recognize that if we see a further escalation of the situation in gaza, then the likelihood of us getting back on any kind of peace track that leads to a two-state solution is going to be pushed off way into the future. >> thailand is just the first stop of the president's three-nation tour of asia. later today he visits myanmar, something no president of the united states has ever done. mr. obama wraps up his tour in cambodia where he'll attend the east asia summit. we are getting some new details about what may have happened in the moments before a train collided with a truck during a parade. four military vets died in the accident. and a neighborhood bar damaged by sandy becomes the lifeline the community now needs. [ male announcer ] citi turns 200 this year. in that time the
Nov 11, 2012 1:20pm EST
states, faced the same asian enemy. sir u.s. strategy should have focused on asia, but because of britain's persuasion and roosevelts strategic thinking and u.s. and allied overall adopted a policy of europe first is the second strategy. that dramatically reduced the importance of the china theater which have become a major issue term world politics.  china constantly tries to justify its importance in the overall global strategy while most of the british tried to downplay of rome. and in retrospect both sides ha validity in the arguments. by that time china became very important toward the end of 43-44. the nature of were changed because the u.s. original strategy was to drive japanese to the western pacific to the edge and then went on china for china to go north and go thro the japan homeland. by the end of 1943 in the beginning of 1944 particularl from the philippines, as much better way to go after japan. so the land route, which was original plan by way of china beco
Nov 14, 2012 7:00am EST
of the american public. what do i mean when i say that? there is no appetite for another land war in asia or continuing the land war in asia we have in afghanistan and we saw in the concluded presidential campaigns that the candidate who had a wing of the party pushing to take the view we should be in afghanistan longer, that we should do more, something militarily in iran but continually pushed away from that by the more politically minded wing of the party reading internal polling that says there's not much difference on afghanistan between republicans and democrats so you don't have the demand side for the kind of military spending we have seen over the last decade and no longer have public outcry from military spending as a response to terrorism. the second point related to that which is a two edged sword is the public believes that there are cheaper technological solutions to our national security problem and the most obvious exponents of this is drones and other remote wrote -- invading a country, you can just the public perceives and many of thes received drone along its border. th
Nov 5, 2012 2:30pm PST
to return to normal. >> european leaders are aging investors in asia to invest despite economic woes. -- made the call which has just kicked off. >> more than 40 countries have leaders meeting at the capitol. the summit is expected to end. the meeting is taking place at a slowing time of economic growth in asia. europe is busy addressing its own sovereign debt crisis. the two regions can profit from one another. >> for the first time, we are seeing light at the end of the tunnel for the european debt crisis. i want to convey that to our partners here so that asian investors regain their trust in europe. >> it will chart its own course. >> the german foreign and mr. called for a quick approval of the stalled trade agreement in europe and asia. his appeal was echoed by the chinese prime minister who called for free and fair global trade. >> coming right up, a look at how the city of buenos artistire getting people to swap their cars for bicycles. >> the queen has sworn in the new government. the sarin was broadcast live on television and the internet. the coalition was put together aft
Nov 6, 2012 6:00am PST
and romney would, if elected, continue the u.s. policy of engagement in the region. >> asia-pacific is a natural choice for the priority of u.s. foreign policy given the very size of economy, and this is the most dynamic region in the world. think about -- i mean, u.s., china, japan. number one, number two, number three economies, all in asia pacific. >> reporter: zhao says the potential for conflict in the region remains but that the flash points have shifted. >> before there were two historically so-called hot spots may bring the two powers to war, one, korea peninsula, and the other, taiwan strait. but there are two new flashing points now. one is china sea, east sea, and, two, south china sea. >> reporter: the professor says chinese leaders will act more aggressively as their confidence grows. chinese officials will select a new leadership after the u.s. presidential vote. zhao says it will be important for the new leaders of both countries to work on creating mechanisms to avoid military confrontation. >> korea peninsula, taiwan strait, i always they that the current, r
Nov 7, 2012 2:30pm PST
to the asia-pacific. that reduced the significance of europe's importance. do you think we will see the same? >> absolutely. given the inward looking mode of u.s. society, given the financial constraints of the u.s., there is no alternative. the crucial question is -- will the europeans deliver? can they deliver in terms of financial contributions to international crisis management? will they deliver in terms of cooperation? it is no surprise that countries are wondering if the european union can take over from nato. it will not become a global player in terms of international security, but it needs a player for the periphery of the european union. >> looking at current conflicts around the world in syria, iran is an issue, afghanistan -- what you think the biggest challenge for president obama will be in his second term? >> first, the iranian nuclear program. second, the future of afghanistan. may be connected to the role of pakistan. may be the rise of china, the current tensions in southeast asia, and finally, the implications of the european financial crisis on the international financia
Nov 16, 2012 6:00am PST
.s. president barack obama arrives in southeast asia on sunday for a tour that's causing controversy before it has even begun. patchari raksawong in bangkok has the story. >>> president obama will visit thailand, myanmar, and cambodia on his first overseas trip since winning re-election earlier this month. myanmar is the destination that's making some observers unhappen pip. human rights say it's just too soon and the country's small steps towards democracy don't yet deserve a visit from the president of the united states. obama's national security adviser tom donilon defended the trip. he says it will advance the cause of reform in myanmar. >> the president's visit this time reflects his conviction that engagement is the best way to encourage burmese authorities to further action. >> human rights groups oppose the visit. they say the former pariah state has not achieved true democratic reform and ethnic minorities continue to face persecution. obama will meet his counterpart thein sein. donilon stressed obama will raise the issue of violence with myanmar's leaders. a week of violence last
Nov 19, 2012 6:00am PST
support base. >> now, as we saw in the previous reports, china's influence in southeast asia continues to spread. how will asean deal with china in the future? >> the host nation, cambodia, has taken out the sensitivity to china that contrasts with the philippines and vietnam, which held e specific territorial dils pults. asean has a goal of creating a market of more than 500 million people among its ten members. that would make them a powerful player in the global economy. to get there, asean needs to remain united. another question is asean's relationship with the u.s. the obama administration has a policy of working to counter the rise of china. how asean nations take part in that policy shift may have an impact. cambodia isn't the only country to feel the impact of china's spreading influence. economic, political, and military. if asean wants to cooperate with its neighbor on the equal footing, member states need to remain united and work with the united states. >> thank you very much, indeed, for that. speaking there to nhk world's phin chanda. u.s. president barack obama arrived
Nov 29, 2012 6:00am PST
are raising presence in southeast asia and the united states to make up for plunging sales in china. toyota motor plans to start production at three new plants in thailand and indonesia by 2013. the company maintains a significant market share in both countries. nissan motors says output at its plant in thailand will start in 2014. it says it hopes to boost sales by nearly three times across southeast asia in four years. honda motor plans to boost production capacity at its two u.s. plants next year. it says its factory in mexico now under construction should be ready for operation in 2014. the automakers say china remains an important market for them but they also need to quickly cultivate new demand outside china. >>> top officials in south korea are trying to stay a few moves ahead of the reclusive and unpredictable neighbor. they want to stop north korean authorities from possibly launching a long-range missile, and so they've turned to china for help because it has a strong influence over the north. south korea's chief negotiator on north korea's nuclear development is visiting beijing
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